Small & Medium Business

No matter their size, businesses need reliable endpoint security that can stop modern attacks. And since most companies are subject to some form of compliance and privacy regulations, protection for endpoints is 100% necessary to help businesses avoid hefty fines and damage to their reputation due to a security breach.

Unfortunately, these same small businesses have begun to fall victim to cyberattacks at an alarming rate. This reality is putting the entire economy at risk. As large companies spend endless amounts of time and money to fortify their digital assets, cybercriminals, hackers and fraudsters have turned their attention to those that cannot afford such lofty and impenetrable defenses: small and mid-sized businesses.

 

According to the Small Business Administration, the 30 million small businesses operating in the United States employ nearly half of the total workforce. A recent Ponemon study found that nearly 70% of all small businesses experienced a cyberattack, while half admitted to having no understanding of how to protect their company against an attack.

Unfortunately, these same small businesses have begun to fall victim to cyberattacks at an alarming rate. This reality is putting the entire economy at risk. As large companies spend endless amounts of time and money to fortify their digital assets, cybercriminals, hackers and fraudsters have turned their attention to those that cannot afford such lofty and impenetrable defenses: small and mid-sized businesses.

And that’s a big problem when considering the average recovery costs of a data breach for a small company can top $149,000. Most worrisome, however, is that 60% of all small companies that succumb to a cyberattack go out of business within six months, according to a report by the U.S. National Cyber Security Alliance.